Current Market Conditions

Welcome to the DEXTER ASSOCIATES REALTY STATISTICAL UPDATE PAGE. We want to ensure that our REALTORS® and our clients are well informed on current market conditions.

In our Blog below you will find a weekly market update. Within the Blog, there are 2 links updated weekly that separate and break down listing and sales statistics for market areas in and around the City of Vancouver. One link combines all residential types of properties for a select group of market areas and another link breaks down those areas by houses, townhouses and apartments.

If you have any questions at all, do not hesitate to contact one of our Dexter Associates!

Sales and Listings Stats Update for December 17 2017

Posted on December 17, 2017 by Kevin Skipworth

Sales and listings stats are attached as of December 17, 2017. With typical December activity occurring, we are still seeing buyers and sellers engaging in the market. While there are more listings already in December this year compared to all of December 2016, the number of active listings is declining and will continue to do so through the month. The question is how many active listings will there be to start 2018? With December 31st a common expiry date for listings, we will see a number of properties come off the market leaving likely close to 7,000 active listings in Greater Vancouver to start the year. Demand has been consistent so far in December with sales likely to finish close to 2,000 for Greater Vancouver compared to December 2016 at 1,743. Many a wish has been made this holiday season for the real estate market, but which ones will come through in the new year remains to be seen. Here is a summary of the activity so far:

Greater Vancouver – 1,178 Units Sold so far in December 2017 compared to 1,743 Units Sold in December 2016. Total New Listings so far in December are 1,546 compared to 1,350 total in December 2016. Total Active Listings are at 8,666 (9,369 at the end of November and 7,963 at this time in December 2016). Sales To Listings Ratio is at 76% compared to 67% in November 2017.

Vancouver West - 195 Units Sold so far in December 2017 compared to 324 Units Sold in December 2016. Total New Listings so far in December are 265 compared to 231 total in December 2016. Total Active Listings are at 1,464 (1,607 at the end of November and 1,277 at this time in December 2016). Sales To Listings Ratio is at 74% compared to 69% in November 2017.

Vancouver East – 126 Units Sold so far in December 2017 compared to 183 Units Sold in December 2016. Total New Listings so far in December are 173 compared to 156 total in December 2016. Total Active Listings are at 1,078 (815 at the end of November and 923 at this time in December 2016). Sales To Listings Ratio is at 73% compared to 61% in November 2017.

North Vancouver – 96 Units Sold so far in December 2017 compared to 138 Units Sold in December 2016. Total New Listings so far in December are 96 compared to 70 total in December 2016. Total Active Listings are at 509 (595 at the end of November and 380 at this time in December 2016). Sales To Listings Ratio is at 100% compared to 66% in November 2017.

West Vancouver – 23 Units Sold so far in December 2017 compared to 44 Units Sold in December 2016. Total New Listings so far in December are 39 compared to 55 total in December 2016. Total Active Listings are at 568 (626 at the end of November and 402 at this time in December 2016). Sales To Listings Ratio is at 59% compared to 33% in November 2017.

Richmond – 162 Units Sold so far in December 2017 compared to 235 Units Sold in December 2016. Total New Listings so far in December are 227 compared to 226 total in December 2016. Total Active Listings are at 1,333 (1,419 at the end of November and 1,128 at this time in December 2016). Sales To Listings Ratio is at 71% compared to 56% in November 2017.